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Home My WebLink About020958 ORD - 07/31/1990AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1990 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED AND ORDAINED AND SUCH OTHER YEARS AS THE SAME MAY BE APPLICABLE; PROVIDING FOR EARLY DISCOUNT PAYMENT; PROVIDING A SAVINGS CLAUSE; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Council of the City of Corpus Christi does hereby levy or adopt the tax rate on $100 valuation for this city for tax year 1990 as follows: $.451099 for purpose of maintenance and operation .138901 for payment of principal and interest on debt of this city $.590000 Total Tax Rate SECTION 2. That there is hereby levied, to be assessed and collected in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the year 1990, and for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $.451099 on each One Hundred Dollar value thereof, on all property, real, personal, and mixed, located within the said City of Corpus Christi, upon which a tax is authorized to be levied by law, and upon all franchises of all individuals, partners and corporations holding franchises in the City from said defrayment of current expenses of the government, including but not limited to street improvement of said City. Said tax shall be assessed upon 100 percent of the cash market value of property subject thereto. SECTION 3. That there is hereby levied, to be assessed and collected in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the year 1990 and for each succeeding year thereafter, until otherwise provided and ordained, an annual direct ad valorem tax of $.138901 on each One Hundred Dollars of value on all property, real, personal, and mixed, and franchises described in Section 2 of this ordinance and assessed upon 100 percent of the cash market value of property subject thereto, said taxes to be appropriated for the purpose of creating a sinking fund to pay the interest and principal maturities on all outstanding City of Corpus Christi bonds not otherwise provided for, and including the interest, agent fees, and maturities of the following City of Corpus Christi bonds: \ORD-RES\90106 GENERAL OBLIGATION BONDS AND INTEREST MATURING AUGUST 1, 1990 - JULY 31, 1991 1985-A General Obligation & Refunding 1986 General Obligation 1987 General Obligation & Refunding 1989 General Obligation 1989 Certificates of Obligation 1990 General Obligation 1990 Certificates of Obligation 1991 Proposed General Obligation Interest Principal & Fees $ 6,750,000 $ 3,959,098 900,000 1,556,557 125,000 1,580,913 400,000 1,182,081 40,000 138,733 100,000 335,000 Total $ 10,709,096 2,456,557 1,705,913 1,582,081 178,733 702,832 802,832 133,201 468,201 451,062 451,062 $ 8,650,000 $ 9,704,477 $ 18,354,477 In addition to the ad valorem tax levy totaling $8,627,449, the balance of this debt incurred by the City of Corpus Christi shall be funded from sources other than ad valorem taxes. SECTION 4. That all taxes for the year 1990 hereby levied shall become due and payable at the office of the Tax Assessor -Collector of the City of Corpus Christi, Texas, on or after the first day of August, 1990, and if the taxes levied for said year are not paid on or before January 31 next after becoming due, said taxes shall be deemed delinquent and interest shall be charged upon the gross amount of the taxes due and penalty due until paid at the rate authorized by Section 33.01, Texas Property Tax Code. All taxpayers shall be allowed discounts for the payment of taxes due in accordance with the terms of Article 31.05, Texas Property Tax Code, as follows: (a)b ) (c) Three percent if the tax is paid in October or earlier; Two percent if the tax is paid in November; and One percent if the tax is paid in December. SECTION 5. That in addition to all taxes and other charges, there is hereby levied a rental fee for the use of streets, alleys, highways easements and all other grounds of the City, as provided by state law and the City Charter, against all persons, firms or ORD-RES\90106 corporations having any pipes, mains, conductors, or other facilities in any public ways, streets, alleys, utility easements or other grounds, or water within the city limits of the City of Corpus Christi as a part of a public utility system. Said charge shall be based on all revenues from telecommunications, communications services, electricity, water, gas, cable television, or other utility service and all other services related thereto including directory advertising within the city limits. Said fee is payable for each and every calendar year, and shall be paid on or before March 1 next following the end of such calendar year. Such payments shall be made to the Tax Assessor -Collector of the City of Corpus Christi with verified statements showing the amount of such gross receipts for the respective year. A reasonable charge for the rental fee aforesaid is hereby determined to be four (4) percent of the gross receipts from the above described services of such utility within the City of Corpus Christi, and is hereby levied in that amount. In the event this rental fee is by state law prohibited, except as to a different rate than as is hereby levied, then the rate is hereby fixed at the highest rate permitted by state law to be levied by the City. Any such public utility shall be liable for the payment of the tax hereby levied unless a different rate of payment or other consideration is provided by written agreement with the City. SECTION 6. If for any reason any section, paragraph, subdivision, clause, phrase, word or provision of this ordinance shall be held invalid or unconstitutional by final judgment of a court of competent jurisdiction, it shall not affect any other section, paragraph, subdivision, clause, phrase, word or provision of this ordinance for it is the definite intent of this City Council that every section, paragraph, subdivision, clause, phrase, word or provision hereof be given full force and effect for its purpose. SECTION 7. That upon written request of the Mayor or five Council members, copy attached, to find and declare an emergency due to the need to prescribe the taxes to be levied, assessed, and collected by the City of Corpus Christi, such finding of an emergency is made and declared requiring suspension of the Charter rule as to consideration and voting upon ordinances at three regular meetings so that this ordinance is passed and shall take effect upon first reading as an emergency measure this the _3i s* day of , 19 10 ATTEST: City Secretary ( i `OR PR° rt i y� THE CITY OF CORPUS HRISTI APPROVED: 3 7/7` DAY OF ,, , 199/ HAL GEORGE, CITY ATTORNEY ORD-RES\90106 Corpus Christi, Texas ( day of , 19 TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas For the reasons set forth in the emergency clause of the foregoing ordinance an emergency exists requiring suspension of the Charter rule as to consideration and voting upon ordinances at three regular meetings; I/we, therefore, request that you suspend said Charter rule and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, Council Members The above ordinance was Betty N. Turner Cezar Galindo Leo Guerrero Tom Hunt Edward A. Martin Joe McComb Clif Moss Mary Rhodes Frank Schwing, Jr. 045 Respectfully, MAYOR PR o rem THE CITY OF CO '• CHRISTI passed by the following vote: ALL '1 j.G1 DEER F. Notery State of Texas My Comm. Ext; 4 Pi/BLIPHERS A�FIDAVIT City of Corpus Christi County. of Nueces ] ss: Ad if 43583 PO Deanne Palmer, who being first duly sworn, according to law, says that she is a Senior Accounting Clerk of the Corpus Christi Calle- Times, a daily newspaper published at Corpus Christi in said County and State, generally circulated in Aransas, Bee, 8rooks, Cameron, Duval, Hidalgo, Jim Hogg, Jim Wells, Karnes, Kenoty, Kleberg, Live Uak, Nueces, Refugio, San Patricia, Victoria, and Webb Counties, and that the publication of "NOTICE OF PASSAGE OF ORDINANCE NO. 20958'/ of which the annexed is a true copy, was published in ihe Corpus Christi Caller -Times on the bth day. of August 1990 „ apafr`g^ Senior Accounting C}e'l. Subscrited and sworn to before me this 10th day af August, 1990,, /o Uduniuttea Notary Public, rkueces �o:nry, lexas DEBRA VlariREAL Notary Public State of Texas 4,_ gnu r,, 11 NOTICE OF PASSAGE OF ORDINANCE NO. 20958 `RESCRIEING THE T GXES TO 9E LEVIED, ASSESSED AND 2OLLECTED BY THF CITY OF =ORPUS CHRISTI, TEXAS, FOR THE YEAR 1990 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED AND ORDAINED AND SUCH OTH ER YEARS AS THE SAME MAY BE APPLICABLE, PRO VIDING FOR EARLY DISCOUNT PAYMENTS PRO VIDING A SAVINGS CLAUSE. ANC DECLARING AN EMER GENCY The ordinance was passed and spprov=d by tit, City Council of the City of Corpus Christi. Texas on the 31st day tW Jury, 1990 is Armando Chapa City Secretary Cly of Corpus Christi